Bank of England

276 results about this entity

Period: 02 Nov 2005 - 01 Aug 2024

/payments

FairFX granted settlement accounts at Bank of England

FairFX, the e-banking and international payments group, announces that, through its subsidiary Spectrum Payment Services (“SPS”), it has been granted settlement accounts with the Bank of England and, in turn, has become a Direct Participant of the UK Faster Payments Scheme (“FPS”).

/regulation

Bank of England tech revamp gets the nod from the National Audit Office

The Bank of England welcomes the National Audit Office report on the Bank’s central services functions and its conclusion that the Bank is moving in the right direction.

/payments

BofE-led ISO 20022 consultation gets industry thumbs up

A Bank of England-led consultation on adoption of ISO 20022 has found widespread backing for the introduction of a Common Credit Message (CCM), which aims to harmonise messaging across the UK’s main interbank payment systems.

/payments

Singapore Fintech Fest showcases innovations in payments

The Singapore Fintech Festival yesterday played host to a quartet of distinct cross-border and digital currency payment initiatives, drawing in United Overseas bank, Grab, Ripple and the country's central bank.

/payments

Bank of England invites applications for payment standards panel

The Bank of England in conjunction with Pay.UK, has issued an open call for interest for members of the payments industry wishing to join a newly created Standards Advisory Panel ahead of the introduction of ISO20022 message standards.

/payments

BofE launches cash vs cashless challenge

As part of a new open forum on the future of money, the Bank of England is challenging Brits to see if they can live for a week either using only cash or not using cash at all.

UK watchdogs propose regulatory framework for cryptoassets

UK financial watchdogs have outlined proposals to adopt a range of measures to bring cryptoassets into the regulatory fold.

BofE launches student fintech challenge

The Bank of England is dangling the prospect of a paid internship as the prize for a student competition asking for ideas on how financial technology can be used to improve people's lives.

TSB and HSBC latest to be hit by IT problems

The creaking IT infrastructure of the UK's major banks is in the spotlight once again as TSB's online banking services and HSBC's mobile apps crumble in the latest of a string of glitches across the sector.

Abolition of 1p and 2p coins would mean small change for UK shoppers

Bank of England economists believe that removal of 1p and 2p coins from circulation would have a limited impact on pricing at the checkout, re-igniting a debate over the future of small value copper change.

BoE exec warns of AI job threat

The chief economist of the Bank of England (BoE) has warned that the rise of artificial intelligence could leave large groups of people "technologically unemployed" unless there was a skills revolution.

BofE wants third parties to join 'atomic settlement' debate

The Bank of England has issued a call for interest to third party technology providers and financial institutions in order to explore mechanisms for implementing synchronised settlement in the renewed Real-Time Gross Settlement service.